Total of 6726 houses were sold in Torrance n 2015 compared with 683 sold previous year. Average selling price was $742,160 – 5 percent increase over previous year. It was $705,326 in 2014. Days on the market was 46 on average. Highest single family home sold at $2.5M, lowest $385,000 compared with $2.2M and $315,000 in 2014.
Below is the summary of sales, average selling prices, days on market, lowest sold house, highest sold… This report is limited to houses (single family homes) sold in proper Torrance (no Torrance PO) in order to better show the averages. Data is based on CRMLS records.
TORRANCE 2014 2015
No. of sales 683 726
Avg selling price $705,326 $742,160
DOM 48 46
Indications are that Torrance market will remain steady, with small price increases and low inventory. I’ll be posting monthly/quarterly market reports throughout the year – please visit my website again:)
Right now may be the best time to sell your Torrance home at the best price. Contact me anytime for your Free home evaluation. Call (310)918-5027 or visit www.SouthBayHouseValues.com today.